Remove Banking 2020 Remove Cards Remove Fraud
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Big rise in Australian card fraud

Banking 2020

Cases of card not present (CNP) fraud are continuing to rise across all corners of the globe, as EMV forces criminals away from traditional fraud channels. cents the year previously, and significantly higher than the less than one cent per $1,000 registered for cheque fraud. How can CNP fraud be prevented?

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Is your bank stopping fraud?

Banking 2020

First the good news – banks in Britain stopped nearly £1 billion in attempted fraud in the first six months of 2015. Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3

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Lack of EMV-compliant infrastructure boosts US fraud rate

Banking 2020

The US has been identified as the leading country for card fraud, after a new study revealed almost half of global losses to the crime last year occurred in the nation. per cent of worldwide plastic card losses – including credit, debit and prepaid cards – took place in the US, amounting to $7.86

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Social network analysis for fraud detection in payments

Banking 2020

Social network analysis for fraud detection is becoming an increasingly important and useful tool. As payment fraud continues to rise, particularly in the card-not-present (CNP) space, this approach is proving an effective fraud detection technique. Traditional methods for detecting fraud involve a silo approach.

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Mexican consumers on hook for fraud losses looking to switch

Banking 2020

Mexico’s consumers are being hit by payment fraud losses, but they are prepared to do something about it. Fraud rises. In its latest country report on Mexico, The Paypers notes that consumers are exposed to fraud and are looking to their providers to tackle the problem. million cases of suspected fraud involving MXN 7.3

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Contactless cards: Opt-in or opt-out?

Banking 2020

Australia is toying with the idea of creating an opt-in function for contactless cards, in a move that highlights the problems around coping with new payment technology and how fraud risks are handled. Lawmakers accepted police recommendations that tap-and-go cards were behind a rise in deception offences.

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B2B FinTech On The Cusp Of Change

PYMNTS

While Lending Club generally focuses its services on consumers, the implications of Laplanche’s resignation have echoed throughout the SME lending space as well and could see a further decline in banks backing small business loans offered through marketplace platforms. 65% of U.K. and U.S.

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